NYSE:MFAC.U

Stock Analysis Report

Executive Summary

Megalith Financial Acquisition Corp. does not have significant operations.

Snowflake

Fundamentals

Questionable track record with concerning outlook.

Share Price & News

How has Megalith Financial Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.09%

MFAC.U

2.7%

US Capital Markets

1.8%

US Market


1 Year Return

3.8%

MFAC.U

1.9%

US Capital Markets

7.3%

US Market

Return vs Industry: MFAC.U exceeded the US Capital Markets industry which returned 1.9% over the past year.

Return vs Market: MFAC.U underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

MFAC.UIndustryMarket
7 Day0.09%2.7%1.8%
30 Day0.4%-4.0%-0.7%
90 Day1.4%-2.5%0.06%
1 Year3.8%3.8%4.2%1.9%9.7%7.3%
3 Yearn/a50.9%42.5%46.3%36.9%
5 Yearn/a77.0%60.7%64.5%46.5%

Price Volatility Vs. Market

How volatile is Megalith Financial Acquisition's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Megalith Financial Acquisition undervalued compared to its fair value and its price relative to the market?

193.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: MFAC.U ($10.5) is trading above our estimate of fair value ($0.45)

Significantly Undervalued: MFAC.U is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MFAC.U is poor value based on its PE Ratio (193.1x) compared to the Capital Markets industry average (39.4x).

PE vs Market: MFAC.U is poor value based on its PE Ratio (193.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MFAC.U's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MFAC.U is overvalued based on its PB Ratio (43.1x) compared to the US Capital Markets industry average (6.5x).


Next Steps

Future Growth

How is Megalith Financial Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFAC.U's forecast earnings growth (10.1% per year) is above the savings rate (2.7%).

Earnings vs Market: MFAC.U's earnings (10.1% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: MFAC.U's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if MFAC.U's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if MFAC.U's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MFAC.U's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Megalith Financial Acquisition performed over the past 5 years?

1006.2%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if MFAC.U's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare MFAC.U's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: MFAC.U earnings growth over the past year (1006.2%) exceeded the Capital Markets industry 31.4%.


Return on Equity

High ROE: MFAC.U's Return on Equity (31.2%) is considered high.


Return on Assets

ROA vs Industry: MFAC.U's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: MFAC.U is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Megalith Financial Acquisition's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MFAC.U has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MFAC.U's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: MFAC.U's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if MFAC.U has a sufficient allowance for bad loans.

Low Risk Liabilities: MFAC.U reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MFAC.U has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MFAC.U has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MFAC.U has an appropriate level of bad loans.


Next Steps

Dividend

What is Megalith Financial Acquisition's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MFAC.U's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MFAC.U's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MFAC.U's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MFAC.U's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MFAC.U's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Megalith Financial Acquisition's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Sam Sidhu 0

1.9yrs

Tenure

0

Mr. Samvir S. Sidhu, also known as Sam, has been Director and Chief Executive Officer of Megalith Financial Acquisition Corp. since November 13, 2017. Mr. Sidhu is the Founder and Chief Executive Officer o ...


Management Age and Tenure

1.9yrs

Average Tenure

36yo

Average Age

Experienced Management: MFAC.U's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

1.2yrs

Average Tenure

48yo

Average Age

Experienced Board: MFAC.U's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jay Sidhu (67yo)

    Executive Chairman

    • Tenure: 1.2yrs
  • Sam Sidhu

    CEO & Director

    • Tenure: 1.9yrs
  • Philip Watkins (34yo)

    Chief Financial Officer

    • Tenure: 1.9yrs
  • A. Dunklau (36yo)

    President

    • Tenure: 1.9yrs

Board Members

  • Kuldeep Malkani

    Director

    • Tenure: 1.2yrs
  • Jay Sidhu (67yo)

    Executive Chairman

    • Tenure: 1.2yrs
  • Chad Hurley (42yo)

    Director

    • Tenure: 1.2yrs
  • Sam Sidhu

    CEO & Director

    • Tenure: 1.9yrs
  • Eric Frank (54yo)

    Director

    • Tenure: 1.2yrs
  • Raj Date (48yo)

    Director

    • Tenure: 1.2yrs
  • Bhanu Choudhrie (40yo)

    Director

    • Tenure: 1.2yrs

Company Information

Megalith Financial Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Megalith Financial Acquisition Corp.
  • Ticker: MFAC.U
  • Exchange: NYSE
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$215.420m
  • Shares outstanding: 21.16m
  • Website: https://null

Number of Employees


Location

  • Megalith Financial Acquisition Corp.
  • 535 5th Avenue
  • 29th Floor
  • New York
  • New York
  • 10017
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MFAC.UNYSE (New York Stock Exchange)UnitsUSUSDAug 2018
MFACNYSE (New York Stock Exchange)YesClass A Common StockUSUSDSep 2018
MFACNEXL (NEX Exchange Main Board (Equity))YesClass A Common StockGBUSDSep 2018

Biography

Megalith Financial Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business comb ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 00:49
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.